Branford, Connecticut - Median Sales Price of Single Family Homes

The median sales price of single-family homes in Branford followed the trend of surrounding towns by dropping in the fourth quarter of 2006. Unlike most of the other towns Branford saw an increase in the number of homes closings. Activity has been picking up this quarter and mortgage rates continue to hover around 6%. Buyers are accepting the slight increase in interest rates and realize these are still very attractive.